The value of Russia's gold reserves has reached a record $217.4 billion.

The value of Russia's gold reserves reached a record $217.4 billion in February, and the share of precious metals in total reserves exceeded 34% for the first time since the 20th century. This is evidenced by data from the Central Bank of Russia.

"Reserve position in the IMF: 4,798 (million US dollars — Ed.). Monetary gold: 217,384," is indicated in the Central Bank's table published on March 1.

According to estimates by RIA Novosti, the share of gold in the country's reserves was 34.4%, the highest since October 1999 (39.7%, respectively). In total, as of March 1, the country's international reserves increased by 1.9% over the month, from $620.8 billion to $632.4 billion.

Bullion flavor: Russians will find it easier to sell gold

Why refineries should buy precious metals from citizens and why it will be beneficial for everyone

At the end of January, Evgeny Shatov, a partner at Capital Lab, told Izvestia about current investment instruments. According to him, gold and silver retain their role as protective assets in the face of geopolitical instability and inflationary pressures. These instruments can become an important part of a diversified portfolio, the expert explained.